Curated News
By: NewsRamp Editorial Staff
May 17, 2024
Condor Gold CEO Mark Child Provides Detailed Update on La India Project in Nicaragua
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- Condor Gold's La India project holds 2.4 million ounces of high-grade gold, with significant exploration potential, presenting a lucrative opportunity for investors.
- The La India project in Nicaragua is poised for development, with necessary permits secured, surface rights purchased, and preliminary site clearing completed.
- Condor Gold is dedicated to environmental, social, and governance (ESG) standards, engaging with the community through water purification projects and programs for youth and the elderly.
- The surge in gold prices, far exceeding the $1,600 per ounce utilized in the feasibility study, enhances the project's value and potential for substantial increases in EBITDA and NPV.
Impact - Why it Matters
The update on the La India project in Nicaragua is important as it highlights the significant potential for gold exploration and development, as well as the company's dedication to ESG standards and community engagement. It impacts stakeholders, investors, and the local community by showcasing the value and sustainability of the project, as well as the potential for substantial increases in EBITDA and NPV due to the current surge in gold prices.
Summary
Condor Gold CEO Mark Child provides a comprehensive update on the La India project in Nicaragua, highlighting the vast potential for gold exploration and development. The project holds 2.4 million ounces of high-grade gold, with significant indicated resources and a probable mineral reserve exceeding 600,000 ounces. The company also emphasizes its commitment to ESG standards and community engagement, showcasing its responsible and sustainable operations.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Condor Gold CEO Mark Child Provides Detailed Update on La India Project in Nicaragua
